Skip to Content

Zamansky LLC Files FINRA Arbitration Against Wells Fargo Advisors For Investor Losses in Puerto Rican Bonds

May 20, 2016 In The News

We filed a  FINRA arbitration on behalf of a 63  year-old New York investor who is a brokerage customer of Wells Fargo Advisors LLC.   The Statement of Claim alleges that the investor was retired and living off of the income from his bond portfolio.  He alleges he was advised to purchase Puerto Rican municipal bonds over the past several years which were described as conservative investments, but never warned about the serious credit risk or economic risk associated with these investments.  He also alleges that he was never warned when, in 2012 and 2013, the risks of the Puerto Rican bonds dramatically increased due to credit downgrades.  In total, the investor seeks to recover losses suffered of $150,000 from unsuitable and excessively risky Puerto Rican bond investments.

Our law firm specializes in recovering investor losses through FINRA arbitration for losses in unsuitable and risky Puerto Rican bonds.  Any investor who has suffered a loss in Puerto Rican bonds should contact us to have their situation reviewed for potential unsuitability and excess risk, as we may be able to help recover losses suffered in these investments.

Tell Us About
Your Losses

Categories

Jake's Blog

Client Reviews

“Jake Zamasky and his colleagues represented me in a FINRA arbitration case against a large multinational bank and succeeded in obtaining an award for the full amount of my investment losses. I would highly recommend the Zamansky firm for their experience in securities litigation, their level of detailed research and case preparation, and their ability to effectively fight for what’s right.”

Richard R.

“Throughout my entire case, Jake Zamansky was incredibly responsive and spent time walking me through each step of the process. He is professional and worked with my challenging schedule, even meeting with me nights and on weekends. He knew exactly which turn to take when it came to my case and yet was respectful of any decisions I wanted to make resulting in a positive outcome.”

Donald A.

“Jake Zamansky and his firm represented me in a FINRA arbitration case to recover investment losses. Jake and his team were very professional and worked very hard preparing for trial and then reaching a substantial settlement of our case. I would highly recommend them.”

William E.

“Jake Zamansky represented me in a FINRA arbitration case which allowed me to recover a substantial portion of investment losses. He is truly an expert in this space and I would highly recommend him to those investors who may have been been a victim of investment fraud.”

Chris K.

“Jake and his team did a great job communicating with me throughout the process of my lawsuit. I would recommend him to anyone looking to sue UBS for unethical practices.”

Mike A.
View More
Tell Us About Your Losses Get Started